This is my version of the 1,2,3 Short w/a candlestick. I have been using different versions of this with doji, hammer, etc. Most of my candidates have been shorts the last couple of weeks. Someone else should contribute.

ADX(14) is above 30 and -DI(14) is above +DI(14) and high has been increasing for 3 days and show stocks where the open equals close and high is above open and low is below open

Would love to see bollinger squeezes and how the outliers are handled ... head fakes, move in initial direction, etc.

This filter works well in all times, but really works well if the DJIA and IDIX are up. I suppose you could build the same filter for 20% upward movement in a stock and short it, but I personally don't short stocks (yet).

I generally place the trade in the morning after it looks like the stock is not declining any more. This has led me to miss out on a few giant upswings, like the one this morning in EFII (8% in the first few minutes).

Now that I know the filter well enough, I sometimes buy the stock before the close on the day it dipped, that way you can benefit from the hopeful gap up in the morning. And I don't need SF to find it, I just look at any "Largest % Losers" list on the internet that I can find, and make sure price and volume meet my criteria.

I dump the stock if it shows no sign of life by day two. By day four I take my profits.

Thanks to JoeGrossinger for his original idea for this on stocks between .25 and 2.50 (See post called "The VERY BEST Short Term Filter!! Don't Miss This")

I'll nominate Muddy's modified Darvas Box filter. It's much more useful than the original Darvas Box filter in that it catches the rebound near the bottom of the consolidation phase after a new high rather than waiting for the rebound to form yet another new high before entry (as per Darvas).

This is Muddy's original modified Darvas box filter (referred to commonly in the SF Muddy group as simply the box filter:

For a tweaked version of this that finds a larger quantity of stocks, but at a shorter "new high" period, and which limits the returns to the upper half of the chart (above the Bollinger Bands midline), try the following:

I noticed a slight error in the wording of the "do not draw" portion of the 2nd box filter above (the tweaked one). To eliminate the chart-cluttering and not-especially-useful 5 week high lines on your charts, the do not draw command useful. But I mis-wrote the 2nd half of the command. It should read "and do not draw close 5 week high" instead of "and do not draw high 5 day high."

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